2024 Q1 retail trading volumes on Coinbase decreased compared to 2021, indicating reduced retail influence in Bitcoin's recent rally.
Retail traders, once major drivers of Bitcoin's surges, have decreased in influence. Coinbase reported $56bn in Q1 2024 trading volumes, compared to $133.75bn in the last comparable rally in 2021. The recent rally, fueled by institutions, has been marked by tepid retail interest, as shown by Google searches halving. Factors like lessons from 2022's crypto collapse, altcoin risks, and Bitcoin's volatility keep speculative retail traders cautious.
May 14, 2024
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